Myrtle Lane, Red Lodge

A well presented 3 bedroom detached home with excellent transport links to both Newmarket and Bury St Edmunds. The accommodation comprises an entrance hall, living room opening onto the rear garden, a modern kitchen/dining room, cloakroom and a family bathroom. External features include an enclosed rear garden and a driveway to the side providing off-road parking. The property is initially offered as a 50% shared ownership property, with an opportunity to purchase a higher percentage, please call the office to discuss this further.

Entrance Hall - with entrance door, stairs to the first floor, built-in storage cupboard.

Cloakroom - with a low level WC, hand wash basin, double glazed window to the front aspect.

Kitchen/Dining Room - with a range of wall and base mounted units with rolled edge worktop surfaces, stainless steel sink, space and plumbing for washing machine and dishwasher, built-in oven and gas hob with extractor hood over, tiled splashbacks, recessed ceiling spotlights, radiator, double glazed bay window to the front aspect.

Living Room - with a radiator, built-in storage cupboard, double glazed window to the rear and French doors opening onto the rear garden.

First Floor -

Landing - with airing cupboard.

Bedroom 1 - with a radiator, double built-in storage cupboard and a double glazed window to the front aspect.

Ensuite Shower Room - with a shower cubicle, low level WC, heated towel rail, hand wash basin.

Bedroom 2 - with a radiator and a double glazed window to the rear aspect.

Bedroom 3 - with a radiator and a double glazed window to the front aspect.

Bathroom - with a side panelled bath, hand wash basin, low level WC, heated towel rail, radiator, double glazed window to the rear aspect.

Outside - To the rear of the property is an enclosed garden mainly laid to lawn with a patio seating area, timber shed and gated access to the front.

To the side of the property is a brick weaved driveway providing parking for 2 vehicles.

Sales Agents Notes - Tenure - Leasehold
Length of Lease - 120 years remaining
Annual Service Charge – £438.24 (Buildings insurance)
Monthly Shared Ownership Rent (50% share) - £426.89
Service Charge Review Period - Annually

The full market value is £310,000 there is an option to purchase a higher percentage if desired, up to 100% full ownership. If you buy a larger share, you'll pay less rent.

To be eligible to purchase, buyers can not earn more than £80,000 annually or own another property. If they are selling, they are only proceedable once they are SSTC with a complete chain. Also, you must have a local connection either through residency, work or family.

For more information on this property, please refer to the Material Information Brochure on our website.